Riksbank to Deliver 50bp Rate Hike Today
Riksbank to Deliver 50bp Rate Hike Today Today’s main event will be the Riksbank’s policy rate decision at 9:30 CET, where we expect a 50 basis point hike in line with market prices. We also expect the Riksbank to announce another rate hike in June (more on this in the Nordic section). On the data […]
Caution Prevails Ahead of Big Tech Earnings
Caution Prevails Ahead of Big Tech Earnings Most Asian equities flashed red on Tuesday, pressured by losses in Chinese shares as investors evaluated China’s re-opening story in the face of negative economic and geopolitical forces. European futures are pointing to a mixed open with market players guarded ahead of another event-heavy week for financial markets. […]
How To Identify Trading Trends in Forex Market
How To Identify Trading Trends in Forex Market The forex market is the most traded global financial market. In this, participants can exchange a country’s currency for another currency. You can trade actively in this market for 24 hours a day for seven days a week across multiple time zones. Investors trade for a currency […]
US Dollar strength weighs on Gold price
US Dollar strength weighs on Gold price Gold is struggling to capitalise on Friday’s modest rise from the $1.970 region and is coming under selling pressure on the first day of the new week. The XAU/USD pair is trading around the $1.977 level during the Asian session, remaining within striking distance of a two-week low […]
EUR/USD Key Resistance Test
EUR/USD Key Resistance Test EUR/USD: EUR/USD continues to struggle with resistance around the 1.1000 level, despite aggressive comments from ECB, which were reiterated in the release of the meeting minutes of the Bank’s latest rate hike. Headline inflation CPI has continued to fall in both the U.S. and Europe, and this week eurozone inflation CPI […]
NZ Consumers Price Index
NZ Consumers Price Index Consumer prices rose 1.2% in the March quarter and are up 6.7% over the past year. The March result was below our forecast, and much lower than the RBNZ’s expectation. New Zealand consumer prices rose 1.2% in the March quarter, with prices up 6.7% over the past 12 months. Today’s result […]
EUR/USD, GBP/USD Hold Near Resistance Ahead of Euro
EUR/USD, GBP/USD Hold Near Resistance Ahead of Euro Both the EUR/USD and GBP/USD pair are holding near key points of resistance with inflation data set to be released from each economy tomorrow morning. While European inflation has fallen as the ECB has lifted rates with tomorrow expected to show at 6.9% for headline CPI, UK […]
EUR/USD April 2022 High Offers Resistance
EUR/USD April 2022 High Offers Resistance EUR/USD cleared the February high (1.1033) last week to register a fresh yearly high (1.1076), but lack of momentum to breach the April 2022 high (1.1076) may lead to a near-term pullback in the exchange rate as it snaps the recent series of higher highs and lows. EUR/USD forecast: […]
US Inflation Expectations Jump, Earnings Season Kicks
US Inflation Expectations Jump, Earnings Season Kicks Despite the softer-than-expected inflation data released earlier last week, US inflation expectations shocked investors at last Friday’s release; the 1-year expectation jumped from 3.6% to 4.6% due to the surprise surge in energy prices. The expectation was a further easing to 3.5%. And energy bulls remain in charge […]
Best 5 Most Traded Currency Pairs in 2023
Best 5 Most Traded Currency Pairs in 2023 Forex is the largest financial market in the world, with $6.6 trillion traded each trading day. The Forex market is open 24-hours a day, five days a week. There is plenty of opportunity for trading Forex. There is a lot to learn when you start trading Forex, […]
Constructive Developments for the Consumer
Constructive Developments for the Consumer Developments in Australia and the US this week were supportive of our views for the RBA and the FOMC. The Westpac- MI Consumer Confidence Survey provided a positive update on confidence. The RBA’s decision to leave the policy rate unchanged in April proved to be an important support, with the […]
What is a PAMM Account?
What is a PAMM Account? PAMM stands for “Percent Allocation Management Module.” It is a software application generally used for pairing client funds with a special discretionary account service offered by foreign exchange brokers. The results of the manager’s trading activities – including profits, losses, and trades – are allocated to the central asset accounts […]
Fed Minutes Showed Recent Banking Turmoil May Result in Lower
Fed Minutes Showed Recent Banking Turmoil May Result in Lower The minutes of the March 21-22, 2023, Federal Open Market Committee (FOMC) meeting reaffirmed that price and financial stability are of paramount importance to the Fed. Regarding the economy, Committee members noted that “recent indicators point to modest growth in spending and output. At the […]
Solid US Jobs Growth Supports May Hike from Fed
Solid US Jobs Growth Supports May Hike from Fed Today we take a look at Nordic inflation with March figures CPI from Denmark and Norway. In Denmark, we expect a 0.6 percentage point decline to 7.0%, driven by base effects in energy prices. In Norway, we expect core inflation to rise by 0.2 percentage points […]
Bank of Canada to hold rates steady
Bank of Canada to hold rates steady Bank of Canada (BoC) is widely anticipated to maintain its pause this week, leaving interest rates unchanged at a 15-year high of 4.50%. Governor Macklem has emphasized that there’s no need for additional rate hikes if the economy unfolds according to central bank’s projections, which forecast stalling growth […]
How risk management will save your trading account
Is your trading account hurting? Are you feeling overwhelmed, frustrated and ready to throw in the towel when it comes to trading”? Well, today’s lesson, if properly understood and implemented, can potentially give you the knowledge you need to literally save and rebuild your trading account. You’ve probably heard that about 90 to 95% of […]
EUR/USD struggles to reach yearly high ahead of NFP report
EUR/USD struggles to reach yearly high ahead of NFP report EUR/USD is struggling to test the yearly high (1.1033) as it fails to continue the series of higher highs and lows from the beginning of the week, and the U.S. labour market data (NFP) report may weigh on the exchange rate as employment is expected […]
The 5 Major Currency Pairs in Forex Market
The Importance of Major Pairs The foreign exchange market is a place where trading in all currencies takes place. However, the volume of trade that takes place in different currencies varies greatly. Although there are hundreds of currencies in the world, about two-thirds of the massive $4 trillion foreign exchange trading volume is transacted in […]